Arcadia hints at trouble demanding 2% discount from suppliers

| January 18, 2018

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Arcadia Group has dealt a “significant hit” to clothing suppliers by demanding a lower price for any orders made, in signs the fashion giant could be struggling. According to ITV News, Arcadia’s chief executive Ian Grabiner penned a letter to its suppliers stating that from February 1 it would be imposing a two per cent discount on all its orders. Although retailers that fall under the Sir Philip Green-owned Arcadia umbrella – including Topshop, Dorothy Perkins, Miss Selfridge and Burton – do not make their financial figures public, Grabiner said the move was due to the group already absorbing “significant” costs.

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